BRP Inc. (DOO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the BRP Inc.' 's FY26 first quarter results conference call. For participants who use the telephone lines, it is recommended to turn off the sound on your device. I would now like to turn the meeting over to Mr. Philippe Deschaines. Please go ahead, Mr. Deschaines. Thank you, Joelle. Good morning and welcome to BRP's conference call for the first quarter of fiscal year 26. Joining me this morning are José Boisjali, President and Chief Executive Officer, and Sébastien Martel, Chief Financial Officer. Before we move to the prepared remarks, I would like to remind everyone that certain forward-looking statements will be made during the call and that the actual result could differ from those implied in these statements. The forward-looking information is based on certain assumptions and is subject to risk and uncertainty, and I invite you to consult BRT's MD&A for a complete list of these. Also during the call, reference will be made to supporting slides, and you can find the presentation on our website at brp.com under the investor relations section. So with that, I'll turn the call over to Jose. Thank you, Philippe. Good morning, everyone, and thank you for joining us. We've delivered a sound performance in our first quarter, which results in line with expectation as we continue to right-size network inventory level in seasonal product and execute on elements within our control. The operating environment remains challenging with significant macroeconomic uncertainty and a volatile tariff situation affecting consumer confidence. Still, driven by very solid snowmobile sales, we slightly outperformed the power sport North American industry at retail. Looking at the sales of our marine group, we made progress by announcing a d...